Bastion Management closes $60 million facility with HFD

Bastion Management announced that it agented a senior debt investment of $35 million with accordions up to $60 million in Healthcare Finance Direct, LLC (“HFD”) to refinance an existing senior lender and fund future growth of their healthcare focused consumer lending profile.

HFD is a financing platform for elective healthcare procedures, allowing providers to approve nearly 100% of patients that apply. HFD works closely with an extensive network of over 2,500 providers to offer patients across the credit spectrum affordable pay-over-time options.

“We are grateful for Bastion’s support of our work to advance opportunities in the healthcare consumer lending space,” says Tyler Johnson, CEO of HFD. “This line of credit not only fuels our ongoing expansion but also reinforces our commitment to providing accessible, inclusive, and affordable healthcare financing solutions for all.”

Jay Braden, CEO of Bastion, added, “We are thrilled to forge a transformative partnership with HFD, and through this Facility, support Tyler and the management team in their efforts to help underserved patients with financing for their healthcare needs.”
MB Bureau